WHO IS FINANCIAL ACCOUNTING & REPORTING FOR?
With the rapid developments in accounting standards, regulations, and industry practices, individuals need continuous training in order to keep abreast. They also need to improve the quality of financial reporting by recording, reporting and disclosing regular and unusual business transactions. ‘Financial Accounting and Reporting’ is a course prepared and facilitated by professionals who not only master the theoretical facts of academia but who also have a solid and practical global experience.
WHAT WILL I LEARN?
Financial Statements and business decisions
- The financial accounting cycle
- Four or five key financial statements
- Management uses of financial statements
- Relationship among financial statements
- Essential notes and disclosures to the financial statements
Income Statement
- Revenue and expense recognition
- Matching principle between revenues and expenses
- Other comprehensive income components
- Earnings per share reporting
Balance sheet and statement of owners' equity
- Minimum presentation requirements of balance sheet accounts
- Definitions of accounts in the balance sheet
- Correct presentation for statement of owners' equity
Cash Flow Statement
- Exploring the three sections of a cash flow statements
- Direct versus indirect method of cash flow statement preparation
- Linking cash flow statements to notes
Accounting adjustments
- Accruals and unearned revenues
- Prepayments and deferrals
- Accounting estimates
Financial reporting for major accounts and transactions
- Measuring and reporting accounts receivable
- Estimating and accounting for bad debts
- Costs to be capitalized in inventory value
- Inventory cost flow assumptions
- Presenting inventory at lower of cost or net realizable value
- Depreciation and amortization
- The financial accounting cycle
- Four or five key financial statements
- Management uses of financial statements
- Relationship among financial statements
- Essential notes and disclosures to the financial statements
- Revenue and expense recognition
- Matching principle between revenues and expenses
- Other comprehensive income components
- Earnings per share reporting
- Minimum presentation requirements of balance sheet accounts
- Definitions of accounts in the balance sheet
- Correct presentation for statement of owners’ equity
- Exploring the three sections of a cash flow statements
- Direct versus indirect method of cash flow statement preparation
- Linking cash flow statements to notes
- Accruals and unearned revenues
- Prepayments and deferrals
- Accounting estimates
- Measuring and reporting accounts receivable
- Estimating and accounting for bad debts
- Costs to be capitalized in inventory value
- Inventory cost flow assumptions
- Presenting inventory at lower of cost or net realizable value
- Depreciation and amortization
JOIN 1000'S OF PROFESSIONALS
Frequently Asked Questions
NADIA Training Institute has been the benchmark for professional training in the Gulf market for more than 38 years. We have built thousands of careers and developed skill sets with our world-class training courses. Whether you want to enhance your job prospects or increase your productivity at work, you will find suitable courses at NADIA.
Yes, we do offer weekend and weekday classes based on students requirements. This may be planned with our learning consultants at the time of course registration.
Upon completion of any training program, while we cannot guarantee employment, we can connect you to recruiters and job vacancies from within our network.
NADIA Training Institute supports several different payment methods including cost-free instalment payment plans. Find out more by speaking to one of our learning consultants.
For partnership and business development inquiries, please contact us at training@nadia-training.com.
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